Thursday, January 5, 2012

Ancestry.com Ends 2011 With 1.7 Million Subscribers; Sees Mid-to-High Teens Revenue Growth for 2012

PROVO, Utah, Jan. 5, 2012 (GLOBE NEWSWIRE) -- Ancestry.com Inc. (Nasdaq:ACOM), the world's largest online family history resource, today reported that it ended the fourth quarter with 1,703,000 paying subscribers, above the company's guidance of 1,685,000 — 1,695,000 subscribers. Monthly churn[1] declined to 3.8% in the quarter, down from third quarter 2011 and fourth quarter 2010. The company also noted it remains comfortable with its previously issued financial guidance for the fourth quarter and full year ended December 31, 2011.

The company also announced today that it currently expects 2012 revenue growth in the mid-to-high teens. 2012 adjusted EBITDA[2] margins are expected to expand year-over-year, exclusive of ongoing investment in the company's DNA product initiative, which could range from $10-$15 million in 2012.

Ancestry.com anticipates reporting its full financial and operating results for the 2011 fourth quarter and fiscal year on February 15, 2012. The subscriber results are being released in conjunction with the company's appearance today at the Citi Investment Research 2011 Global Entertainment Media and Telecommunications Conference in San Francisco, California. A webcast of this event will be available from the Ancestry.com Web site, http://ir.ancestry.com/. The webcast replay will also be available until March 31, 2012 on the investor relations section of the Ancestry.com Web site, http://ir.ancestry.com/, under Events and Presentations.

About Ancestry.com

Ancestry.com Inc. (Nasdaq:ACOM) is the world's largest online family history resource, with approximately 1.7 million paying subscribers. More than 7 billion records have been added to the site in the past 15 years. Ancestry users have created more than 29 million family trees containing over 3 billion profiles. In addition to its flagship site www.ancestry.com, Ancestry.com offers localized Web sites designed to empower people to discover, preserve and share their family history.


[1] Monthly churn is a measure representing the number of subscribers that cancel in the quarter divided by the sum of beginning subscribers and gross subscriber additions during the quarter. To arrive at monthly churn, the results are divided by three.

[2] Adjusted EBITDA is defined as net income (loss) plus net interest and other (income) expense; income tax expense; and non-cash charges including depreciation, amortization, impairment of intangible assets and stock-based compensation expense.